Coronavirus: IMF Names Okonjo-Iweala In Advisory Group
IMF Managing Director, Kristalina Georgieva, on Friday, named a former Nigerian finance minister, Dr. Ngozi Okonjo-Iweala, among a group of…
Day: April 10, 2020
How The Pandemic Wiped Out Global Oil Demand
Global oil demand is being destroyed as the coronavirus forces people around the world to remain indoors and avoid all…
World Bank Predicts Sharp Fall In Nigeria’s GDP
The World Bank has predicted a sharp fall in Nigeria’s real gross domestic product growth as countries in sub-Saharan Africa…
Nigerian Government, NASS To Pay For Two-month ‘Free Electricity’ –Discos
Power distribution companies on Thursday said that the two-month free electricity to customers announced on Wednesday would be paid for…
Nigeria Joins OPEC To Cut Crude Oil Production
The Federal Government of Nigeria has said it has joined OPEC + to cut crude oil supply by up to…
High U.S Unemployment To Persist Until 2021
After a widely expected and sharp drop in the U.S. economy over the next three months, a panel of top…
Coronavirus: Pandemic May End Japan’s Fiscal Experiment
The huge cost of the coronavirus pandemic is upending Japan’s seven-year experiment to rescue the economy from its debt timebomb,…
Global Oil Cut Agreement In Jeopardy As Mexico Declines To Cut Production
Oil producers in the OPEC+ group, led by Saudi Arabia and Russia, were expected to pressure Mexico on Friday to…
OPEC+ Confirms Agreement On Cuts Of 10m Bpd In May, June
OPEC and allied oil producers, a group known as OPEC+, agreed on Thursday to cut output by 10 million barrels…
Nigeria And 89 Other Countries Eye $100b IMF Loans
Nigeria and 89 other global economies have indicated interest to borrow at least $100 billion emergency fund from International Monetary…
South Africa Extends Lockdown By Two Weeks To Tackle Virus
Struggle against coronavirus is far from over, Ramaphosa says. Country has 1,934 confirmed infections, most in Africa
Global Cases reach 1.6 Million; Johnson Out Of ICU
The number of confirmed cases has reached nearly 1.6 million globally as of April 10, according to data collected by Johns Hopkins University and Bloomberg News. U.S. cases now stand at 461,437 compared to Spain with 153,222 as the next highest country. New York state reported the fewest hospitalizations since the outbreak began, even as deaths hit another high.
Wall Street Gets Its Bull Back In Four Dramatic, Dizzying Days
U.S. benchmark returns to bull market as Fed steps up response. Shortened week is not short of action as virus chaos continues.
S&P 500 Caps Best Week Since 1974 After Fed Acts
Gold reached a 7-year high as haven demand for the metal rose. Oil drops even after Saudis, Russia forge pact on cuts. Powell Sees Every Reason to Think U.S. Can Recover ‘Fairly Quickly’
Dealmakers Are Turning to Drones To Help Complete Transactions
Coty’s beauty unit bidders may use drones for due diligence. Latest innovation for salvaging deals in social-distancing age
Ghana Virus Battle ‘Modestly Successful’ On Testing Progress
Ghanaian President Nana Akufo-Addo said the country is making progress to contain the spread of the coronavirus after an increase…
Trump Says Tentative Russia-Saudi Oil Pact ‘Very Acceptable’
President had conference call with Putin, Saudi crown prince. In a weak market, Trump is now pushing for higher oil prices.